Move-in ready bungalow in Eastpointe offering 3 bedrooms, 2 full baths, an oversized 2.5-car garage, and major mechanical updates. Conveniently located near shopping, dining, and commuter routes, this home combines classic charm with thoughtful improvements throughout. A covered front porch welcomes you inside to bright living and dining spaces accented by hardwood floors and abundant natural light. The updated kitchen features freshly installed luxury vinyl plank flooring (2026), ample cabinetry, and included appliances, making everyday living easy. Two bedrooms and a full bath are located on the main level, while the upper level provides a spacious third bedroom with plenty of flexibility. The basement adds tremendous potential with a second full bath, laundry area, and expansive unfinished space ready for storage, hobbies, or future finishing. Outside, enjoy a fully fenced backyard, storage shed, and freshly painted porch surround and exterior trim. The oversized detached garage is a standout feature with its own electrical panel, 120V and 240V service, workshop area, pull-down stairs, and overhead storage loft—ideal for projects, hobbies, or additional storage. Recent improvements include a 2025 hot water heater, 2025 dishwasher, 2023 central air with transferable Great Dane warranty, and 2025 roof maintenance with ridge vent and flashing replacement. Additional long-term investments include a 2019 sewer line replacement and full basement waterproofing. A well-cared-for home with room to grow and updates that provide peace of mind. Schedule your showing and see it in person.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
